2016 Sebastian Mid-Year Real Estate
MARKET REPORT 1209 US-1 Sebastian, FL 32958
772-589-7777
4625 Highway A1A Vero Beach, FL 32963
232 5th Ave Indialantic, FL 32903
772-231-4880
321-951-3300
Sebastian
Mid-Year Comparison 2016 to 2015 Inventory Levels Tight for Sebastian Homes in 2016 Supply of available single family homes for sale has significantly decreased in the Sebastian Housing Market, with overall inventory declining -58.3% over last year’s numbers. With fewer homes for sale, prices are slowly but steadily increasing, with modest gaines leading to 13.2% overall increase in average price. Sales are robust at the mid-level of the market, for homes priced $250k-$500k, with an increase in sales of +27%. The lack of inventory has impacted sales at other levels of the market, slowing -9.6% over last year.
ď „
366 -9.6%
Homes Sold
Pricing a home to sell is key in this market. With inventory continuing to be tight, now is precisely the right time for homeowners to explore just what their home is worth. It bodes well for sellers who want to list and sell their property quickly to work with a savvy real estate agent to ensure their home is priced competitively.
Average Price ď ƒ+13.2%
$182K
SINGLE FAMILY HOMES Price Point Under $100,000
$100,001 to $250,000
$250,001 to $500,000
Over $500,000
Total
Year
Homes Sold
Current Listings
Month’s Supply
Average Price
2016
28
1
0.2
$71,515
2015
80
40
0.9
$73,014
Change
-65.0%
-97.5%
-76.2%
-2.1%
2016
287
78
1.6
$166,938
2015
285
216
4.4
$161,197
Change
+0.7%
-63.9%
-62.9%
+3.6%
2016
47
40
5.1
$296,415
2015
37
39
8.4
$321,804
Change
+27%
+2.6%
-39.2%
-7.9%
2016
4
11
0
$746,250
2015
3
17
0
$541,667
Change
+25.0%
-35.3%
0%
+37.8%
2016
366
130
2.1
$182,596
2015
405
312
4.1
$161,269
Change
-9.6%
-58.3%
-48.0%
+13.2%
Your Housing Forecast! FOR SELLERS:
HOT & SUNNY! Your home could be the one that buyers are waiting for! Let’s work together while the market is HOT!
FOR BUYERS & INVESTORS: Skies not so clear...With inventory tight, it takes an experienced and savvy realtor to navigate! Let me be your GUIDE!
CALL US TO FIND OUT HOW MUCH YOUR HOME IS WORTH IN THIS TIGHT MARKET! 772-589-7777
R E C E N T LY S O L D S E B A S T I A N P R O P E R T I E S : ON COVER!
$429,900
109 Wood Stork Way
$240,000
1538 Cownie Lane
$233,000
280 Concha Drive
E X C L U S I V E LY P R E S E N T I N G :
$699,000
11335 S Indian River Dr.
$365,000
12420 Roseland Rd
$325,000
770 Gossamer Wing Way
A B O U T C O L DW E L L B A N K E R PA R A D I S E : Voted BEST Indian River County brokerage by the readers of Treasure Coast Newspapers,Coldwell Banker Paradise is the oldest and largest, full service real estate company on the Space and Treasure Coast. Originally established by Ed and Marguerite Schlitt over 63 years ago in Vero Beach, the company is now owned by sister and brother team Linda Schlitt Gonzalez and Steven Schlitt. We are proud to boast that we have over 270 savvy real estate agents and 48 full time staff, including an exceptional fully staffed marketing department. We represent luxury, residential and commercial deals, along with having a property management division in each of our ten offices.
C O L D W E L L
B A N K E R
P A R A D I S E
www.flcoldwellbanker.com